Energy Future talks $300 million 10-year secured notes at 10%-10¼%

By Paul A. Harris

St. Louis, Jan. 6 - Energy Future Holdings Corp. set price talk for its $300 million offering of 10-year senior secured notes at 10% to 10¼% on Wednesday, according to market sources.

Pricing is set for Thursday morning.

Citigroup Global Markets Inc., Goldman Sachs & Co., J.P. Morgan Securities Inc. and Credit Suisse were joint bookrunners for the Rule 144A and Regulation S notes.

The notes come with five years of call protection.

Proceeds will be used for general or other corporate purposes, which may include working capital, investment in business initiatives, capital expenditures and debt repayment.

The issuer is a Dallas-based energy holding company.

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